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from new attacks by republicans. later, a brawl in boston. the nets and celtics battle it out in the front row on top of fans. but first, the story that everyone will be talking about this morning at work, at least two people are a lot richer and probably not heading into the office today. sadly, i didn't even have one stinking number. lottery officials say winning tickets for the record $580 million powerball jackpot were sold in arizona and missouri. 160 million tickets were sold yesterday alone. at an astounding rate of 130,000 tickets a minute. the winner takes the cash option, they'll split a cool $380 million. that's $190 million apiece. it's the second largest payout in lotto history. you can be sure that uncle sam is smiling about his cut of the action. the federal tax rate is currently 25%. so it will be $380 million the government gets $95 million off the top. and the winning states not too shabby either. arizona takes 5% at 9$9.5 millin and missouri stakes $7.6 millio. in the end, the two winning ticket holders end up with 25% of that original jackpot. >>> mitt romn
said that he is subletting space at the offices much his son tag's investment firm in boston, and he is not not joining the firm, so the translation is he does not have a permanent day job, which brings us back to what's happening here. is this just a show of bipartisanship, something that happens between the viktor and the defeated in a presidential campaign, or is there something else more in store? mitt romney is arriving here at the white house at an interesting time. not only are the fiscal cliff talks going on, which mitt romney might have some input on that, but suzanne, as you well know, what is also happening right now, they are getting prepared for the inauguration just outside the grounds of the white house. they're putting up the bleachers for what's happening on january 21st. probably a bittersweet moment for mitt romney as well on that front. >> yeah. that's probably true. let us know what they're serve and if there's anything that comes out of their discussions today. thanks, jim. good to see you, as always. >>> palestinians, they want their own state, of course, and a
for sunday's game in st. louis plus: ejected! what sparked this brawl o urt in boston. >>> 6:21. the quarterback call harbaugh makes his pick for sunday's big game at st. louis. >> plus, ejected! what sparked this brawl on the basketball court in boston. >> and we are waiting for heavy rainfall here, lots of snow in the sierra nevada. let's check out the snow report: be careful traveling in the high country the next few days, a major storm rolling in. squaw valley one to three inches, several more feet are on the way. ,,,, ,,,,,,,, when i take a picture of this check, it goes straight to the bank. oh. oh look the lion is out! no mommy no! don't worry honey, it only works on checks. deposit checks from your smartphone with chase quickdeposit. just snap a picture, hit send and done. take a step forward and chase what matters. jim harbaugh has named his starting quarterback. "colin kaepernick will be or plan to start colin, and pra rt this week >>> alex smith will be on the sidelines again this weekend. jim harbaugh named his starting quarterback. >> colin kaepernick will be our
and in sports a brawl under the basket in boston. the celtics and the nets get tough and get ejected. get tough and get ejected. mild to moderate alzheimer's, you'll also care about our new offer. you get access to nurses who can help with your questions. and your loved one can get exelon patch free for 30 days. if the doctor feels it's right for them. it cannot change how the disease progresses. hospitalization and rarely death have been reported in patients who wore more than one patch at a time. the most common side effects of exelon patch are nausea, vomiting, and diarrhea. the likelihood and severity of these side effects may increase as the dose increases. patients may experience loss of appetite or weight. patients who weigh less than 110 pounds may experience more side effects. people at risk for stomach ulcers who take certain other medicines should talk to their doctor because serious stomach problems such as bleeding may worsen. patients may experience slow heart rate. thirty days of exelon patch free for your loved one. access to trained nurses for you. call 1-855-999-1399 or visit
the election. so what will they talk about? joining me now, national political rotter for the "boston globe" and contributor to the kudlow report. just to remind folks, take a listen to president obama during his first re-election press conference talking about mitt romney. >> he presented some ideas during the course of the campaign that i actually agree with. and so it would be interesting to talk to him about something like that. there may be ideas that he has with respect to jobs and growth that can help middle class families that i want to hear. >> so this lunch today, is it just common courtesy or might he have something in mind for mitt romney? >> i think it's potential that he has something in mind that he wants mitt romney to do. it's very unlikely any type of formal position either in his cabinet or otherwise. i mean, both sides are sort of projecting they don't expect a whole lot of news to actually come out of this meeting which would mean it's more of a symbolic gesture, a time for these guys to get together privately. >> well, robert, an op-ed in the "washington post" says, ob
for the 49ers? and tempers flare at the garden as boston and brooklyn mix it up in the nba. look at you guys with your fancy-schmancy u-verse high speed internet. you know, in my day you couldn't just start streaming six ways to sunday. you'd get knocked off. and sometimes, it took a minute to download a song. that's sixty seconds, for crying out loud. we know how long a minute is! sitting, waiting for an album to download. i still have back problems. you're only 14 and a half. he doesn't have back problems. you kids have got it too good if you ask me. [ male announcer ] now u-verse high speed internet has more speed options, reliability and ways to connect. rethink possible. >>> good evening, everybody. it's official who will start for the 49ers at quarterback sunday in st. louis. look at the crowd that turned out today for harbaugh to say, i'd say 99% of the folk who is care about this stuff knew that it'd be collin kaepernick and that alex smiths was going to have to sit. harbaugh said i want this guy. i'm sorry, alex, but in the draft a couple years ago you said bring me in this kid from
years, come here, three times a day. >> reporter: why such loyalty? this place north of boston is more like a lottery lounge. 15 kiosks, plenty of seating and some inspiration. >> this is the latest million dollar winner. >> reporter: owner tony says over the years, he's sold 25 grand prizes totaling more than $110 million. is there a secret to winning? >> the secret is you have to buy a ticket to win. that's the secret. if you don't buy anything, you're not going to win. >> reporter: oh, we are buying, all right. this year alone, americans spent $61 billion on lottery tickets. up 8.7% from 2011. where does all the money go? every state is different, but on average, 58 cents of every dollar goes to prizes. 33 cents are funneled back to state coffers. while most think lotteries fund education, only 12 out of 44 states use the money solely for that. back in tallahassee, those machines that hold our fate were locked up in a vault. security cameras trained on them all day. tonight, as the sun set on the luckiest place in texas, they kept coming, right up until sales stopped just an hour be
in boston, a hard foul leads to a ten-player fight and three players had to be ejected from the game. in the second half, brooklyn pulled away and finished with a 95-83 win. >>> in college basketball, number two ranked duke makes a big come back against number four ohio state taking the lead late in the second half and the blue devils beat the buckeyes 73-68. >>> in miami, the hurricanes outside shooters were hot and they upset number three -- or number 13 michigan state 67-59 as the fans stormed on to the court to celebrate. and the new ballot is out for baseball's hall of fame. barry bonds, roger clemens and sammy sosa are all on it for the first time. they may not get the votes required because of allegations of steroid use. so others on the ballot, craig biggio and mike piazza and curt schilling. >>> all right. so we gave you a look at the rockefeller center christmas tree a little earlier. we're going to head back down there. that's where our meteorologist is giving us a look at your weather channel forecast. good morning to you. >> good morning. i want to thank you for the glov
're going to start with the nba, celtics/net. and just before the half in boston, a hard foul leads to a ten-player fight and three players are ejected from the game. in the second half, brooklyn pulled away and finished with a 95-83 win. >>> in college basketball, number two ranked duke makes a comeback against number four ohio state, taking the lead late in the second half. the blue devils beat the buckeyes 73-68. >>> in miami, the miami hurricane's outside shooters were hot and they upset number 13 michigan state 67-59, as the fans stormed on to the court to celebrate. >>> and the new ballot is out for baseball's hall of fame. superstars barry bonds, roger clemens and sammy sosa are on it for the first time, but they may not get the votes required because of allegations of steroids use. so others on the ballot who may get in, craig biggio, mike piazza, and curt schilling. >>> well, just ahead, could uncle charlie come to the rescue of the half man? >>> plus, a missing dog story for the ages. >>> and here, once again, are those winning powerball numbers for you. 5, 16, 22, 23, 29, and the
we were going to be dark and i'm going to boston. >> we will be dark next [u6kl wednesday. >> we didn't have any big items. >> great. commissioners, anything else you would likeem÷l to add to line item 3(d)? yes. >> one announcement. we're going to be in the district thisax z e month also, commissioner. police commission will be holding a special meeting this month ataénv[áeq a location other than city hall. the commission will meet in thÍp middle school 460 arguello, here in san francisco wednesday november( comments from the public@s]#=qlv and richmond station captain concerning public protection issues. >> thanks very much, inspector. is there any public comment regarding line items a3bcor d. hearing none public comment is closed. pleas5 >> discussion and possible action to appoint moises romero as to patrolc' special officer calvin wily or take other action regarding request for appointment action. >> before moving to the next three matters which are the appointment of assistant patrol officers
years. also drove in boston before coming here. i am a -- for four years, number 34 in the waiting list. we are concerned about our fate. pending decisions by the sfmta, which will impact the future quality of life; currently the status of grant medallions are in limbo; they are not transferable. in order to maintain the current a income level until retirement we must continue to push wheelchairs up and on the ramp in the physically we may not be able to do so. the alternative for the rampt medallion holder is purchase a regular medallion for 150,000; it is not prudent for someone who is six years old to take on the financial burden; it compromises our ability to save money for retirement. it is not like winning the lottery. we put in decades of her life into a stressful, dangerous, low-paying job, beginning of industry vital to the san francisco tourist industry. having a medallion is the only way we can hope to put funds away during the last 10-15 years of our working life. we serve the wheelchair community, providing paratransit service. a way can be found to recognize our pas
. here we go. >> in the parade of papers, "the boston globe," house democrats and republicans came together in a rare showing of bipartisanship to pay tribute to their own. tip o'neill, they officially renamed a government office building near the capitol in o'neill's honor. >> can you get a little closer, donnie? "the dallas morning news," the environmental protection agency has temporarily suspended bp from new contracts in the united states because of a, quote, lack of business integrity. existing contracts will not be affected. the deep water horizon spill of 2010 resulted in the death of 11 platform workers. and you're done, donny. >> i was literally about to go out and run up to it. >> you can regroup for a minute. joining us now with a look at the "politico playbook," executive editor there, mr. jim vandehei. good morning. >> how you doing, willie? >> doing all right. we were talking about your peer at the top of the show. take us behind the scenes. steve rattner and he's not alone is pessimistic that a deal will get done before the end of the year. >> here's a reason that y
time and have between washington and new york as well as between new york or boston. they need to increase beats an upgrade infrastructure has to take it transporting americans in energy-efficient manner. we have labor or amtrak's partners. we urge the committee to allow amtrak the latitude to be organized if they so see the need, but more importantly to authorize substantial amounts of additional funds for amtrak's capital needs. amtrak is essential role in financing a self-funded pension that this committee and 2,002,001 reformed. changed in the federal treatment of amtrak such as significant privatization could jeopardize the solvency of their system that affects 270,000 career railroad employees around the country. the americans won a national inner-city network in amtrak is uniquely able to fill that need. highways in commercial aviation amount of on meet the natures transportation needs. court nation of air and rail passenger services should be mandated to free more air to provide timely rail services for shorter travel distances and 300-mile ranges. a modern system is a
slope. hmm. the fiscal fiesta, my personal favorite. or the fiscal follies. this is from the boston celtics' game last night. celtic big man kevin garnett was fouled by brooklyn net kris i was married to a kardashian for five minutes humphries. boston guard rajon rondo didn't like it. both humphries and rondo were kicked out with another net, gerald wallace. i hope the negotiations on the fiscal whatever we call it don't end up like that. are you listening, mr. boehner. >> this is not a game. jobs are on the line. the american economy is on the line. and this is a moment for adult leadership. >> to talk all things politics, we bring in nick from the "new york times." politico is reporting today boehner and the president had a curt phone call. that's curt with a "c." should we be reading something into that? >> you almost can't tell what's happening by looking at the president and jay carney and speaker boehner are saying. you have to look further out and see where the ripples are. really when boehner's talking and when the president is talking, they are talking to their members in c
it develops into a warm friendship and sometimes not so much. boston globe political reporter matt adviser is here he was at the white house reporting on that lunch and lts presidential historian douglas brinkley, my pal, whose most recent book, great book, "cronkite." let me start with matt. we knew this was coming. the president said he wanted to do it, and there is a tradition of burying the hatchet. what else got done? did that get done? did they bury the hatchet? >> it was a symbolic moment that seems mostly symbolic. that doesn't appear to be much substance that came out of the meeting. you had romney driving up in the black suv -- he didn't drive, he was in the passenger side, but all alone -- nobody to open the door for him. >> how democratic. >> nobody opened the door inaug built in the background. >> no secret service? >> no secret service for romney. in fact, i think he had to provide his name and date of birth and social security -- >> no. >> yeah. just like anybody else. >> rbt they sweethearts, gate nazis. the president offered up a possible see of working together with forme
to the state of south carolina. when the big east was formed in 1979 it went from boston in the east to syracuse, new york, as its western most outlet. the big 10, as you said, was midwestern schools. the pack 8, which is now the pack 12, was surprisingly enough four schools in california, two in oregon and two in washington. so geography was important, academics were important and competitive levels were important. now the landscape has changed completely. geography has been thrown out completely. academics have been thrown out completely and, to some degree, competitive levels have been thrown out completely because it's all about what schools can make you the most t.v. dollars and a conference and what conferences can make schools the most t.v. dollars. that's the unifying force now. >> brown: so it's dollars and television. particularly in football, right? >> exactly. a all of those thing changes that have happened over a period of ten years now, because it began when the a.c.c. raided the big east for virginia tech, miami and boston college to improve itself as a football confer
-57 the final. >> they were brawling in boston. former more kim kardashian. you don't do that. a shove to humphries chest.
context. a grant to boston for statewide bullying intervention, so there's a number of different places, portland, maine and elsewhere. if you have ideas you should never hesitate to call us. we're not a grant making arm in our division but we have the auspices of the department of justice so if it's not mean i'll make sure to funnel you to the right place so you can have that conversation. >> tom, what else, are there other best practices, other communities that stand out as you have traveled that resonate with you. >> like so many things, governor, it starts with leadership. the programs i look to and i say, i'd like my kid to go to this school, it starts out with clear leadership at the top. it then starts out with clear policy direction so that the rules are set out in a very clear and transparent way. it continues with partnerships so that there is, you know, there are community-based partners, a recognition that this isn't just a teacher responsibility, it's really a community responsibility. and it's like so many things, it's about culture development. you know, what is your
. kevin foster, 27, for santa clara. a little extra curricular activity in boston. chris hump phrase knocked kevin gar net of the celtics down. and then he tangles a bit with mr. kim cardashian. automatic ejection and the celtics wind up losing the game. major money doled out tonight. bj upton, he's going to the atlanta braves for $75 million. >> thank you for trusting us. we'll hey, look! a shooting star! make a wish! i wish we could lie here forever. i wish this test drive was over, so we could head back to the dealership. [ male announcer ] it's practically yours. test drive! but we still need your signature. volkswagen sign then drive is back. and it's never been easier to get a jetta. that's the power of german engineering. get $0 down, $0 due at signing, $0 deposit, and $0 first month's payment on any new volkswagen. visit vwdealer.com today. on any new volkswagen.
babe ruth. also another brooklyn story. during the brooklyn nets game against boston celticings. watch. kim kardashian's -- exhusband got into a skirmish there with kevin garnet and rondo said i am smaller and lighter and i will fight you for playing basketball. they get in a brawl and guess who comes out on top. new fangle would tough as nails. 95-83. they are now tied in first place. >> steve: i saw it. brooklyn deckers. >> gretchen: veryy cute. >> steve: we told you earlier the winning numbers in the last night's powerball and 5, 23, 16, 22, 29. and powerball 6. winning tickets were sold in arizona and missouri . some people in the tri-state area are waking up as millionaires. one of them is not robert moses from channel 5. he is reporting on people in the area who might be. >> gretchen: sorry, robert. >> wait, wait, wait. how do you know i am not. >> steve: because you are there. >> gretchen: we don't know. >> steve: read me your numberings. >> all right, i am not. you know what, i am hanging out. my assignment is to hang out with a bunch of losers just like me. seeing them walk ou
in 9 of the 12 fed regions. but new york, philadelphia and boston saw a slowdown largely because of hurricane sandy. no surprise there. >>> and there's no slowdown in what americans are spending on gas, though. drivers are on pace to spend a record amount at the pump this year. $483 billion or $1.32 billion a day, with gas prices consistently high during the past year. but in a bright spot, though, looking ahead to 2013, the energy department predicts gas will average about $3.44 a gallon. that's about 20 cents lower than this year. >>> and what about the cars and trucks that need filling up? the l.a. auto show opens tomorrow, with vehicles from the ordinary to the out of this world. toyota is getting early buzz with its first redesign of the rav-4 suv in seven years. featuring an intelligent all-wheel drive system. also getting attention, right there. volkswagen's new beetle convertible. >>> and starbucks is rolling out a new coffee. and if the caffeine doesn't jolt you, the price certainly will. it is the chain's most expensive coffee ever. the costa rica will set you back $7 a
the rules again that he's not old school democratic enough to do that. there was rumblings in the boston her and would that said that there was some talk on beacon hill that the democrats the legislature might go back to the old system that they changed so that mitt romney wouldn't get appointed to successor to let did he havedeval patrick appoint a successor. >> i was just going to say what do you think patrick will do? >> i think he'll let the process take it. i think he'll serve out his term and move back into the private be world of private enterprise and big money law firms. >> i don't know. i think -- i disagree with you on that. >> you're not buying that. >> i'm not buying what you're dishing out. i think he'll go to the cabinet if not immediately eventually. i think he'll be a great attorney general when holder decides to step down. i think he's going to washington. that's my guess. i have no inside knowledge. charlie pierce, thanks for joining us inside the war room. coming up, out with the old, in with the new or if you'd rather, what old is new again. house republicans elect a fre
ber. ari, you're coming to us tonight from kerry country, boston and i've got to think this is a horrible moment for senator kerry. you don't want to be the guy who gets praise from the mindless attackers of susan rice. >> yeah, i don't think he wants any part of this very weird b m boomerang play the republicans are trying to practice. he knows her well because as chairman of foreign relations committee, he oversees the state department, looking at the diplomacy and ambassadors and working with secretary clinton and ambassador rice. >> well, today, ambassador rice met with susan collins and bob corker and here are the lies those senators told after the meeting. >> i continue to be troubled by the fact that the u.n. ambassador decided to play what was essentially a political role at the height of the contentious presidential election campaign. >> i would just ask the president to step back for a moment and realize that all of us here hold the secretary of state to a very different standard than most cabinet members. we want someone of independence. >> okay, ari, that's
. a little extra curricular activity in boston. chris hump phrase knocked kevin gar net of the celtics down. and then he tangles a bit with mr. kim cardashian. automatic ejection and the celtics wind up losing the game. major money doled out tonight. bj upton, he's going to the atlanta braves for $75 million. >> thank you for trusting us. we'll see you next time the news breaks. >> the ktvu news starts at 4:30. have a good night
, rainshowers as well. temperatures here in the 30s in boston. but notice the 60s, the 70s, a big warmup here in the central plains. it's going to get warmer. that front lifts northward. now we're in the 50s in chicago. atlanta in the mid 60s on saturday. okafor what what a gorgeous weekend. the pacific northwest not so nice. major changes here. we continue with the storms coming in on sunday from san francisco all the way to seattle. there could be power outages, landslides, mudslides, lots of rain expected. very dangerous in this part of the country here coming up this weekend. then we'll see a little rain moving through the ohio valley. but that's really about it. final lit cold front does come out monday. we'll see showers, minneapolis, chicago maybe overnight. then by tuesday we finally get some gulf moisture involved. now the storms begin to move northward towards the ohio valley. still looking at the next storm coming in the pacific northwest. and a reminder monday through friday 5:30 to 7:00 a.m. wake up with al and stephanie. a lot of you may have heard about probiotics but may not r
the transaction it time in half between washington and new york, as well as between new york and boston. they need to increase speed and updecorate the infrastructure is the ticket to transporting americans in an cost effective and energy efficient matter. we and labor are ak -- amtrak's partner. we -- if they so see the need but more importantly, the substantial amount of additional funds for amtrakings leagues. amtrak tray plays a role in financing our railroad retirement system. which is itself is funded pension that this committee and 2002 and 2001 reformed. changes in the federal treatment of amtrak suggest as -- such as significant funding cut or passenger rail privatization could jeopardize the solvent sei that effects railroad employees around the country. americans want a national inner city networking and amtrak is uniquely able to fill that need. highways and commercial aviation will not alone beat the nation's future transportation needs. the core nation of air and rail services should be mandated to free more air slots and provide timely rail services for shorter travel distances than
and matching theory, used to match kidney donors and assign kids to public schools in new york, boston, chicago. given the basic mental challenges these days we salute the brains raising the i.q. level of the nation's capital on thursday. >>> after the break, in 2011, the u.s. stopped a palestinian bid for u.n. recognition dead in its track. this year american opposition will have little impact on recognizing palestinian as a state. we'll ask how the tide turned when they join us live next on "now." two years ago, the people of bp made a commitment to the gulf. bp has paid over twenty-three billion dollars to help those affected and to cover cleanup costs. today, the beaches and gulf are open, and many areas are reporting their best tourism seasons in years. and bp's also committed to america. we support nearly 250,000 jobs and invest more here than anywhere else. we're working to fuel america for generations to come. our commitment has never been stronger. >>> it's a very unfortunate outcome that the united nations will grant nonmember state observers status at the u.n. not only what it does a
and experienced civil society by going to boston symphony and best of all, enjoyed pickled tongue sandwiches in brooklyn, he was leading when he was a young man. i want to frame my remarks today a round hue fong's ridings which are exemplified in this because of my great respect for him and affection for him, i want to try to convey the majesty of what he has done but in a friendly, constructive way, pushed a little bit on a few points. specifically i want to engage hue fong's work in four respect that i trust will aluminate broader points about the challenges of law reform in china. the first concerns the chinese tradition. hue fong takes great pride in his heritage as he should but he does not view it prior to engagement with the west in the nineteenth century as providing abundant resources for the construction of rule of law today. i understand full well hue fong's desire to avoid dimensions of t t t t t t t t ts that constrain all, and i am aware because i argue now for the greater attention to the chinese past how some observers in china do invoke it to avoid talking about reform today
. >>> in sports, boston celtics/nets game went from chippy to nasty, kris humphries fouled hard and rondo took exception. going after humphries. rondo and humphries were ejected and 37 game streak of at least 10 assists were broken. celtics point guard could face a suspension. >>> busted for adderall, taking a drug often given to kids with adhd. we'll talk about that. joy's christmas shopping and was looking at best buy for the latest smartphone. you wanna see if walmart has the same phone, for less? let's see! samsung galaxy s3 --- you could save over $50. no way! and -- you get a $100 gift card. are you serious?! yes! see for yourself how much you can save on the smartphones you want for christmas. walmart. can your moisturizer do that? [ female announcer ] dermatologist recommended aveeno has an oat formula, now proven to build a moisture reserve, so skin can replenish itself. that's healthy skin for life. only from aveeno. what starts with adding a friend... ♪ ...could end with adding a close friend. the lexus december to remember sales event is on. this is the pursuit of perfection. to
, folks, a basket brawl in boston at the sel celtics' game. that's kris humphries. he commits a hard foul and celtics point guard rajon rondo retaliates. two players were ejected. brooklyn went ton to win it 95-83. off to a pretty good start. bill: new marijuana laws just passed a few weeks ago raising serious new concerns on the job front. and this goes right to the employee. dan springer is live in seattle with more on this. dan, what is happening? good morning, there. >> reporter: yeah, good morning, bill. what a buzz kill, huh? pot smokers in washington state and colorado want marijuana to be treated just like alcohol but there is obviously a huge difference. pot is still an illegal drug under federal law and the courts have upheld and employer's right to have a drug-free workplace. the issue has come up in states with medical marijuana. there was a washington supreme court ruling that said while the worker was doing a legal thing off-duty having a trace of marijuana in the system violated the company's zero tolerance drug policy. medical experts say the high from marijuana lasts two
million worth last year. this place north of boston is more like a lottery lounge. 15 kiosks, plenty of seating and some inspiration. >> this is our latest million dollar winner. >> reporter: this year alone, americans spent $61 billion on lottery are tickets. up 8.7% from 2011. where does all the money go? every state is different, but on average, 58 cents of every dollar goes to prizes. 33 cents are funneled back to state coffers. while most think lotteries fund education, 12 of 44 states use the money solely for that. back in tallahassee, the machines that hold our fate were locked up in a vault. as the sun set on the luckiest place in texas they kept coming. right up until sales stopped just an hour before the big drawing. >> take a look at tonight's numbers. >> reporter: when so many dreams were put to bed. i'm ryan owens in texas. >>> well, for the first time we are hearing from general david petraeus himself about his affair with paula broadwell. petraeus says his wife holly has not kicked him out despite the enormous difficulty he created for her by having the affair. he says
in the "boston globe." here is what warren rudman says, "frankly, i blame the american people as much as congress. they talk a great game. they are against deficit spending as long as it did not affect anything but the benefit from." guest: that is true. that is the basic problem with democracy. there is something called fiscal illusion. economists have written about this for decades. people would rather see tax cuts and then maintain current spending or higher spending even if that leads to deficits. that forces future generations, future taxpayers to foot the bill. that is irresponsible behavior. that is where we got to where we are at, unsustainable spending. we cannot raise taxes enough to pay for the spending that we have written into law at this point. we have to come to terms with this basic problem of democracy. we cannot both have all the spending we want and not pay for taxes. -- not pay for it in taxes. host: seth hanlon, last year you tied in the unemployment benefits argument with the payroll tax in an article let you wrote. unemployment benefits are due to expire as well as the end
are kind of drunk by thousand. >> i'll toast with them. >> are you up in boston? >> springfield, mass. mostly bonds. we specialize in corporate bonds, real estate. >> so what are you doing about the fiscal cliff? >> we think it's actually a good thing because it's addressing something in our country that's gotten out of control. step back the last five years, september 2007, we crossed $9 trillion in debt. thousand we're at $16.2 trillion to $16.3 trillion four years later. five years later. deficits of 1.25 trillion for the last five years. so we have a problem in our country that really needs to be resolved. we've become addicted to stimulus really through deficit spending, through 0% interest rates. >> how are you investing around this? >> we're comfortable investing in corporate bonds. bond spreads have tightened, but investors still being paid on a reasonable basis. we have structured products like clos. >> do you care if we go over the cliff? >> it's a concern, but i think it's actually not that much of a concern to me, no. >> so it's okay? >> we look at the fundamentals of comp
is subletting a space his ton's investment firm in boston. he'll be in the same building, i think it's a safe bet, wolf, we will be hearing from him again in some capacity or another, wolf. >> i'm sure we will. he'll do just fine. >> right. >> thanks very much. >>> the accused mastermind behind 9/11 potentially closer to coming to this very country he allegedly conspired to attack. >>> max says he's found a way to diagnose parkinsons with a simple phone call. >> they leave a voice recording, the alga rhythms will get an indication whether or not they have parkinsons. >> how confident can you be that that person has parkinsons? >> to 99%. >> that's pretty incredible. if he succeeds, he could change the game for parkinsons patients and doctors. on the next list. let's say you want to get ahead in your career. how do you get from here... to here? at university of phoenix we're moving career planning forward so you can start figuring that out sooner. ln fact, by thinking about where want your education to lead, while you're still in school, you might find the best route... leads somewhere you wer
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